MYO Technical Signal Analysis
MYO have 2 buy signals and 2 sell signals now. The current trend is consolidation starting from 2025-02-13. The total price change during this trend is -13.95%. Recently, the price has decreased but the volume has also decreased, indicating a potential rebound signal. The average turnover of MYO over last 5 trading day is $8,580,310.28
2 Bullish Signal
2 Bearish Signal
Name
Signal
Value
Meaning
Momentum (10 days)
MOM_10 > 0
0.3
Bullish
Moving Average
5-day SMA crosses above 10-day SMA
--
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-0.64
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.27
Bearish
2 Bullish Signal
Name
Signal
Value
Meaning
Momentum (10 days)
MOM_10 > 0
0.3
Bullish
Moving Average
5-day SMA crosses above 10-day SMA
--
Bullish
MYO Support and Resistance Level
The support levels for MYO are at 4.26, 3.75, and 2.91, while the resistance levels are at 5.92, 6.44, and 7.27. With the current stock price at 4.985, it is leaning more toward the support levels.
MYO Technical Analysis
Technical Analysis of MYO Stock
Current Price and Trend:
The current price of MYO stock is 4.8 as of 2025-03-08. The stock has shown a mixed trend with pre-market gains of +4.51%, regular market gains of +3.84%, and post-market gains of +4.35%. This indicates positive momentum in recent sessions.
Technical Indicators:
- RSI (6, 12, 14): 30.59, 29.67, 30.68 (all below 30, indicating oversold conditions).
- Stochastic Oscillator (K, D): 17.05, 15.45 (both below 20, confirming oversold conditions).
- MACD: -0.40 (slightly bearish but close to zero).
- Fibonacci Levels: The stock is near the S1 support level of 4.36, with R1 at 5.54.
Fibonacci Analysis:
The stock is trading near the S1 support level of 4.36. A bounce from this level could target the R1 level of 5.54.
Volume and Market State:
The volume is 376,918, indicating moderate trading activity. The market state is closed, so the next session will be critical for confirming the trend.
Recent News Impact:
- MYO has seen positive developments, including an analyst upgrade from Ascendiant Capital, raising the price target to $9.
- The stock gained 20% after issuing preliminary revenue guidance above estimates.
Conclusion:
Given the oversold conditions and proximity to the Fibonacci S1 support level, MYO stock presents a buy opportunity at the current price of 4.8. The target price is 5.54, with a stop-loss at 4.36.
Recommendation: BUY MYO at 4.8 with a target of 5.54 and stop-loss at 4.36.
MYO FAQs
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Is MYO a buy based on overall technical signals summary?
MYO Buy or Sell
MYO has 2 buy signals and 2 sell signals now. Overall the technical rating for MYO is Neutral.
Neutral
Sell
2
Buy
2
MYO Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 4.985 above the SMA_5. In the short term, the stock shows a negative trend with the 4.9 below the SMA_20. In the mid term, the stock shows a negative trend with the 5.34 below the SMA_60. In the long term, the stock shows a positive trend with the 5.91 above the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Positive
SMA_60 Above SMA_200
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What do technical indicators suggest about MYO's current trend?What are MYO's key support and resistance levels?